Capitalist, communist or somewhere in between – everyone’s a winner in today’s China
Category: Health Care
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Retired doctors asked to work rurally
China’s Health Ministry is issuing measures such as free education to attract doctors to work in rural areas, in a bid to close the health-care gap between wealthy cities and the significantly poorer countryside, The Wall Street Journal reported. Chinese Health Minister Chen Zhu said Tuesday that the ministry would roll out a new examination […]
Beijing has called all residents to prepare for at least one more day of smog and high pollution levels, following record readings on January 12, Bloomberg reported. Government cars have been ordered off the road and officials have closed factories, while online sellers of face masks reported “overwhelming” demand on Tuesday. It is the 18th […]
Medical equipment maker Stryker (SYK.NYSE) will acquire Hong Kong-based Trauson (0325.HKG) for US$764 million as it looks to expand in China, Reuters reported. Stryker will pay US$0.97 per outstanding share of Trauson, a premium of around 45% compared to its January 8 closing price. Trauson, which makes spine devices and products for trauma surgeries, was […]
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Fosun IPO to raise up to $591m
Shanghai Fosun Pharmaceutical (600196.SH) could become the first significant new listing in Hong Kong since July, raising up to US$591 million in an IPO, The Wall Street Journal reported, citing anonymous sources. Shanghai Fosun, a unit of conglomerate Fosun International (0656.HKG), aims to sell 336 million shares at HK$11.80 to HK$13.68 each. The range would be 12.1- […]